Thursday, January 10, 2019 at 4 PM – 6 PM PST

We are doing a rare interview with one of the masters in trading. I am currently collection smart and sophisticated questions for him. Leave a comment below to your question potentially answered at Facebook event link below.  Details to follow so check the comments
https://www.facebook.com/events/762833620753134

This will be streamed live on the Facebook quantlabs net page under Videos tabl at

https://www.facebook.com/quantlabsnet/

Thursday, January 10, 2019 at 4 PM – 6 PM EST or 3 CST

Hi there,

You are invited to a Zoom webinar.
When: Jan 10, 2019 4:00 PM Eastern Time (US and Canada)
Topic: Interview with Bob Pardo

Please click the link below to join the webinar:
https://zoom.us/j/728994467

Or iPhone one-tap :
US: +16699006833,,728994467# or +16465588656,,728994467#
Or Telephone:
Dial(for higher quality, dial a number based on your current location):
US: +1 669 900 6833 or +1 646 558 8656
Webinar ID: 728 994 467
International numbers available: https://zoom.us/u/aARX5KpQE

 

Who is Bob Pardo?

Here are the books he wrote

 

https://www.amazon.com/Robert-Pardo/e/B001IO9TSG%3Fref=dbs_a_mng_rwt_scns_share

https://www.amazon.com/Evaluation-Optimization-Trading-Strategies/dp/0470128011

https://www.amazon.ca/Design-Testing-Optimization-Trading-Systems/dp/0471554464

 

 

Here are the questions:

1. You wrote an article for Future Magazine called ‘How far away is the Holy Grail machine’ in 1985. How did you foresee the future back then compared to where it is today?

2. From your article of Gann Lines and Angles of 1992, outside of software have the basic principles evolved in the basic concept since that time? Do you believe that candle patterns or harmonic patterns can be used for early reversal signs?

3. With the article on Stop Placement Affects Trading Performance of 1984, do you believe that today’s current forex and retail brokers are corrupt with stop hunting? Are there are any clean (or less) corrupt brokers out there? This is especially true with APIs for brokers? eg. Interactive Brokers

4. In one interview article, the article stated: There were no trading screens or other market paraphernalia anywhere in sight. If they existed elsewhere on the premises, Robert was not anxious about checking up on them or his trading progress. He had the serenity of one possessed of total faith in his system’s ability to hum along just fine without him.

Is this still true? How do you get away with it with now mobile apps and everything at your fingertips?

https://www.trendfollowing.com/pdfs/pardo.pdf

5. Are you primarily still a futures trader? Or have you expanded into other asset classes? If so ,any current ones you see enormous potential with? Do you also see a rebound in certain commodities with the current market? Do you trade options? Why or why not?

6. In the same above interview about you said: Because the S&P is so volatile and dynamic in its own right and swings so much, though, what works there may not work in other markets.

Do you think the current computer algos are going to make the 2019 global extra market really jittery? Would you even say the computers have completely taken over the markets?

7. Do you believe in portfolio optimization or portfolio theoretical techniques (e.g. Markowitz)? Do you believe in different ways to throttle trading account allowance based on portfolio performance (.e.g Kelly Criterion) Or how about daily target moves against the amount capital you are willing to put at risk?

8. Do you think emerging market equities will be the place of opportunity for 2019?
9. Would you say you are strongly constrained as similar to how a CFA is mandated? (e.g. you have your own trading standards or will allocate portfolio weightings to certain sectors or asset classes)

10. If you have a particular position going into range bound (or flat), would you tend to cut it right away to find a higher performing asset? How often are you re-calibrating your portfolio? What doest the re-calibration depend on?

11. What are some of the more predictable exit methodologies you believe in ? e.g. ATR? Would you apply standard take profit or stop loss? Or would you treat it more like a trailing stop? Or any of these at all?

12. Are you a believer in fundamental, news sentiment, or even macroeconomic events as drivers for the assets you watch? How many assets would you typically watch in a standard flat or uneventful trading day?

13. Standard question: Are you a pessimistic or optimistic when it comes to machine learning in pricing of an asset? How about applying it to areas like portfolio sizing or portfolio optimization? Would you ever consider using it for something like bid/ask analysis at high speed level (e.g. tick)?

14. Do you believe in random walk theory?

15. Have you come across models that can be designed in a way where there are no parameters? e.g. IF THE PRICE HAS REACHED A NEW ALL-TIME HIGH, IT IS AN UP-TREND BY EVERY POSSIBLE MEASURE https://www.reddit.com/r/algotrading/comments/63nrzg/parameterless_strategies/

Or: statistical anomalies are not parameters. thats what quants/algo people do..find these patterns and figure out ways to capitalize on them.

16. Among all your trades on average, what is the % of mix of long vs short?

17. How many strategies/algos would you say you have in your arsenal? How many can be traded ALL the time profitably regardless of market regime?

18, What is the standard drawdown % threshold before you cut the instrument entirely from your active portfolio?

19. Is it easier or harder to raise capital for a system or fund these days? Are you finding investors/captial allocators are much more jaded than in the 80s or 90s? When was the easiest time period to allocate and why?

20. What is your honest view of those so called trading gurus you find on Youtube or Facebook?

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